You sound like some influencer on youtube who does not even know shit about crypto and keep saying "moon". Don't fall for this kind of hype newbies.
I fucking hate that word "influencer". I refuse to be influenced by anyone with hipster glasses, a beard, and shaved head, wearing some trendy hat and tattoos on his arms. Those are usually the types who get that label of "influencer". Or beautiful women wearing way too much makeup.
In any case, I agree with your assessment here. But since OP started this thread, a lot of altcoins have dropped significantly. To my eyes, it's like a fire sale! I don't know why most speculators are averse to buying low, but the state of the altcoin market right now tells me a lot of coins are screaming buys. That's all I'll say about that, because I'm not out to hype any specific coin.
Give it a month or two and we'll have major altcoin rally that will be bigger than anything you have seen before. btc is moving nicely but there is still some struggle behind it which can be explained if you look at other things that have influence over its price.
That's kind of what I'm hoping. Altcoins seem to move in cycles, much like the stock market except those cycles are more rapidly swinging. I'm never quite sure how they're linked to the price of bitcoin, but I've always thought that there's an inverse relationship. That's sort of what we're seeing now.
